FLSmidth has received an order from Fábrica Nacional de Cemento SA (FANCESA) for the supply of equipment to build a complete cement production line with a capacity of 2,100 tonnes/day. The $75 million order includes plant design, procurement and civil engineering services. The facility will be located in Sucre, Bolivia’s capital.

HDFC Securities has said in its latest report that the expected recovery in the cement sector may take another year. It has also cautioned against a longer slump in the unorganised real estate market, due to the aftermath of demonetisation, a sector which drives a large proportion of cement sales.

Manoj Kumar Agarwal has resigned from the directorship of Burnpur Cement Ltd with effect from December 12, 2016.
Shares of the company were last trading on the BSE at Rs 10.29 as compared to the previous close of Rs 10.67. The total number of shares traded during the day was 308,177 in over 84 trades.

Prism Cement has had a poor second quarter of fiscal 2017. Standalone loss narrowed to Rs 21.27 crore from Rs 33.26 crore year-on-year (y-o-y). The company was aided by a rise in other income and a decrease in finance cost. Revenue declined 9.5 per cent y-o-y to Rs 1,259.94 crore.